Business Standard - January 03, 2025

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January 03, 2025

Bharat Connect may go live by March

National Payments Corporation of India's (NPCI's) bill-aggregation platform Bharat Connect is expected to roll out its Bharat BillPay for Business offering by March, according to two sources familiar with the matter.

2 mins

Infosys, TCS Among Top 5 Global H1-B Beneficiaries

Account for over 41% of visas along with Cognizant, HCLTech

2 mins

Mkts rally nearly 2% in best session in 6 weeks

Tech, auto stocks make for a third of Sensex gains ahead of Q3 results

2 mins

TaMo, M&M to get incentives under auto PLI

Claims worth ₹246 cr approved

1 min

Prepack insolvency logged slow pick-up, only 13 cases till Sep

Govt may widen scope of schemes for larger companies and not just MSMEs

1 min

'Looking ahead with confidence to achieve growth at scale'

Mahindra Group is looking forward to the new year with hope and confidence, driven by its aspiration to achieve growth at scale, said its CEO & Managing Director Anish Shah.

1 min

Nestaway co-founder accuses Tiger Global, Goldman of fraud

Bengaluru-based Nestaway's co-founder Amarendra Sahu has filed a First Information Report (FIR) alleging fraud, cheating, forgery of documents and criminal intimidation against Tiger Global, Chiratae Ventures and Goldman Sachs, in a rare instance of a startup founder filing a criminal complaint against its investors.

1 min

2W sales a mixed bag in Dec, stay on growth path in 2024

Manufacturers like Royal Enfield, Suzuki saw double-digit rise in sales last month

2 mins

E-com growth shift earns ONDC Modi's praise

Prime Minister Narendra Modi praised the Open Network for Digital Commerce (ONDC) for contributing to the growth of e-commerce platforms.

2 mins

Zepto Streamlines Biz Structure Ahead of IPO

Quick commerce firm Zepto has set up a new entity, Zepto Marketplace Private Limited, to simplify its operations ahead of its initial public offering (IPO), sources informed Business Standard.

1 min

Small towns' big desires drive e-commerce and D2C growth

Trend signals broader shift in consumer behaviour, with rising demand for high-quality items

3 mins

Blinkit starts 10-minute ambulance service in select areas of Gurugram

Quick commerce platform Blinkit on Thursday announced the launch of its 'ambulance in 10 minutes' service in select areas in Gurugram, calling it the beginning of its efforts to enhance emergency medical access.

1 min

Capital Infra Trust InvIT Eyes More Road Asset Deals

Capital Infra Trust InvIT, earlier known as National Infrastructure Trust, will be eyeing more road assets acquisitions in the future, according to senior executives, including third-party projects.

1 min

DMart Q3 revenue up 17.5% to ₹15K cr

Avenue Supermarts Ltd, which owns and operates retail chain DMart, has reported 17.5 per cent increase in standalone revenue from operations at ₹15,565.23 crore for the third quarter ended December 31, 2024.

1 min

Manufacturing growth slows to 12-month low

India's manufacturing sector growth slipped to a 12-month low in December, as fresh business orders and production expanded at softer rates, according to a monthly survey released on Thursday.

1 min

Rupee closes at fresh low of 85.76 against dollar

Dealers say it may breach 86/$ mark in the next few days

2 mins

NBFCs call for reforms to improve liquidity

Seek relaxation of norms for smoother fundraising from banks

2 mins

Work demand under MGNREGA rises 8.3% in Dec

Work demand in December 2024 under the flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was 8.3 per cent higher than the corresponding period in 2023.

1 min

172 mn jobs created during 2014-24; 46 mn in FY24: Mandaviya

India created nearly 172 million fresh jobs between 2014 and 2024, of which 46 million were created in the last financial year, 2023-24, said Labour Minister Mansukh Mandaviya, citing the Reserve Bank of India's (RBI's) latest KLEMS database.

1 min

Lenders Witness Healthy Loans Uptick in Q3FY25

PNB sees robust growth in deposits; CSB Bank logs over 20% growth

2 mins

'Sugar consumption likely at 28 mt in 2024-25'

India's sugar consumption in 2024-25 sugar year (SY) is projected to be lower at 28 million tonnes (mt), down around 1.5 million tonnes from the previous year.

1 min

'Ulips will grow as Indians have faith in stock markets'

With the onset of the new year, Sarbvir Singh, chief executive officer of PolicyBazaar.com, spoke to Aathira Varier about the major trends that dominated the insurance space in 2024 and the trends to look forward to in the new year. Edited excerpts:

3 mins

Shivraj Accuses Delhi Govt of Blocking Farm Schemes

Union Agriculture Minister Shivraj Singh Chouhan on Thursday accused the Delhi government of depriving farmers of benefits under central schemes and urged Chief Minister Atishi to set aside political differences in matters of farmer welfare.

1 min

Goyal: India-EFTA trade pact likely by year-end

The implementation process of the free trade agreement (FTA) between India and the four-nation European bloc EFTA is progressing fast and is expected to come into force before the end of this year, Commerce and Industry Minister Piyush Goyal said.

2 mins

NHAI Looks at Ways to Improve Enforcement of Global Standards

After Prime Minister Narendra Modi instructed officials from the Ministry of Road Transport and Highways (MoRTH) to address quality shortcomings in national highways, the ministry and the National Highways Authority of India (NHAI) are exploring ways to enhance the enforcement of standards, officials said.

1 min

Tesla Cybertruck explodes outside Trump's Las Vegas hotel, killing driver

FBI Looks for Connection Between Explosion and New Orleans Attack

2 mins

Gunman who killed 12 people in Montenegro dies by suicide

A gunman who fatally shot at least 12 people, including two children, in Montenegro has killed himself while surrounded by police, officials said Thursday.

1 min

Tesla Posts First Fall in Annual Deliveries as Demand Slows

Tesla's annual deliveries fell for the first time in 2024 despite the electric automaker handing over a record number of units in the fourth quarter, indicating tepid demand for its aging line-up of models.

1 min

Aeromexico, Saudia Among Most Punctual Global Airlines for 2024

If the latest round of airline delays over the holiday season has you feeling anxious about your next flight, the 2024 annual on-time performance list from Cirium, published on January 2, may help.

1 min

Police probe motive in New Orleans rampage

Investigators found guns, explosives in the truck that bore the flag of Islamic State group

2 mins

Flexible approach

Orderly rupee depreciation must be allowed

2 mins

The art of the career pivot

My coachee was taking me through the journey of his career and ended by saying that he was planning to get himself certified as an independent director so that when he retires he can look for ID positions in engineering companies (his domain of expertise).

3 mins

Hot button issue

The scale of climate challenge is increasing

2 mins

Three wishes for 2025

Industry must invest in technology and international sales, economic policy must focus on structural change and productivity, and politics on ideas

5 mins

Next Steps in Fiscal Management

The Union Budget for 2025-26 will be presented in a few weeks.

4 mins

Temper expectations as growth challenges remain: Axis MF

Significant valuation expansion seems unlikely in 2025 amid near-term growth challenges, likely muted inflows from foreign institutional investors (FIIs), and subdued earnings expectations, Axis Mutual Fund (MF) said in its outlook, while asserting that it will be a year of stock picking across market caps.

1 min

Ketan Parekh among 3 banned from mkts in front-running scheme

Sebi directs ₹66 crore disgorgement

2 mins

Best Dec for IPOs since 1996

15 firms collectively raised ₹25,425 cr last mth

2 mins

Policy change, seasonal uptick to drive gains for United Spirits

The stock of the country's largest alcohol beverage maker United Spirits has been hitting its lifetime highs over the last few trading sessions.

2 mins

Earnings growth likely to be a key driver this year: Mirae Asset MF

Even as earnings growth has decelerated in recent quarters, India's medium-to-long-term outlook remains robust, driven by strong macro fundamentals, deleveraged corporate balance sheets, robust asset quality, fiscal discipline, favourable demographics, digitisation, and rising income levels, Mirae Asset Mutual Fund said in its outlook for 2025.

1 min

Sebi quashes Zee, Goenka's settlement plea; expands probe

The Securities and Exchange Board of India (Sebi) on Thursday rejected a settlement application filed by Zee Entertainment Enterprises (ZEEL) and its chief executive officer Punit Goenka in the alleged violations of the Listing Obligations and Disclosure Requirements (LODR) regulations.

1 min

Auto stocks race on December sales boost

Shares of automobile companies rose for the second consecutive day, with Eicher Motors, Maruti Suzuki India (MSIL), Ashok Leyland, and Mahindra & Mahindra (M&M) surging between 4 per cent and 9 per cent on Thursday.

2 mins

UNDER THE PUMP

India's 2025 fuel exports could feel the heat of geopolitics, Houthi attacks, growing US supplies, and new refineries

5 mins

MHA warns against 'pig butchering scam'

A new cyber fraud known as \"pig butchering scam\" or \"investment scam\" has emerged, targeting unemployed youths, housewives, students, and needy people who are made to lose large sums of money daily, according to the latest annual report of the Union home ministry.

1 min

Missing Women in South Indian Film Leadership

The South Indian film industry lags Bollywood and other non-South Indian language cinemas in terms of women serving as heads of departments (HoDs) in various stages of filmmaking and streaming series production, according to a recently released report.

1 min

Insurers to double down on tech, rural expansion for growth in '25

Industry will also focus on strengthening distribution networks and human capital

2 mins

White-collar hiring up 9% in Dec: Report

According to Naukri JobSpeak, the index reached an impressive 2,651 points in December 2024, reflecting a robust 9 per cent year-on-year growth, a promising sign for the year ahead.

1 min

Manu Bhaker, Gukesh among four athletes to get Khel Ratna award

Shooter Manu Bhaker, chess world champion D Gukesh, men's hockey captain Harmanpreet Singh and para-athlete Praveen Kumar were on Thursday named recipients of this year's Major Dhyan Chand Khel Ratna Award—the country's highest sporting honour.

1 min

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